choycepeterson.com | Step 5: Evaluate Your Lease

"John’s experience was a great source of information for us. He gave us a sense of the going rental rates for other buildings in the area and helped us to understand and avoid the pitfalls of doing a deal like this."

- John Martin, C.E.O. of Martin Rosner Eleftherion -

"I was pleased with the amount of effort and information Alan and John were able to gather, enabling us to explore all of the possibilities and make sure we were taking the right space for the right price."

- Paul D’Amico, Chief Operating Officer for Triple Point Technology -

"In the midst of a complex negotiation with a landlord, I realized I was into a process that required more expertise than I had in my skillset,"

- Kathleen Shelton-Smith, Chairman, Renaissance Capital Corp. -

"John put in a lot of effort for us, which is obvious in the results – we realized quite substantial savings with this new lease package."

- John Martin, C.E.O. of Martin Rosner Eleftherion -

"Choyce Peterson says they provide clients with experience, integrity, effort and intelligence, and they certainly do, but I’d add another bullet. They work in partnership with the client."

- Roger Berman, Principal of Bloom & Streit -

"It was a pleasure to work with John and Steve again. Due to our long term partnership, they played a crucial role in assessing our needs and requirements for our new office space."

- Jim Bretschneider, Managing Director of Columbus IT Partner USA -

"John Hannigan guided us through all the negotiations with the landlord and nudged us, as needed, to keep things moving along. I was confident he was on top of all the details, so I could concentrate on the core aspects of our insurance business."

- John Martin, C.E.O. of Martin Rosner Eleftherion -

"Our Choyce Peterson Principal, is of great importance to me because he knows our business as well as his."

- Cynthia Poggiogalle, Senior Manager, Worldwide Real Estate of Pepsi Beverages Company -

"We looked at quite a few satisfactory locations, and they did a great job of helping us narrow down our options; the new space is exactly what we were looking for."

- Kurt Strumpf, Chief Operating Officer for eNR Services -

"This is the third time Choyce Peterson has helped us secure space to accommodate our rapid expansion. Their experience makes them very knowledgeable about the available space and we’re confident we can rely on their judgment and focus our attention on growing our business."

- Kurt Strumpf, Chief Operating Officer for eNR Services -

"My father had worked with John Hannigan several years ago and was very pleased. The firm is a class act, and we were happy to call on them again."

- John Martin, C.E.O. of Martin Rosner Eleftherion -

"We were very particular about our requirements and John put in a lot of effort to ensure that we weren’t wasting our time touring offices that would not measure up to our standards."

- Mark McCall, Chief Financial Officer for Lime Rock Partners -

"I give Choyce Peterson high marks for negotiating with a high degree of integrity in the best interests of the tenants they represent."

- Paul D’Amico, Chief Operating Officer for Triple Point Technology -

Step 5: Evaluate Your Lease

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Step 6: Evaluate Your Alternatives

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Step 1: Evaluate Your Business

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Step 2: Evaluate Who You Are

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Step 3: Evaluate Your Space

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Step 4: Evaluate Your Building

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Step 5: Evaluate Your Lease

If Space is Money – your lease is the balance sheet. Every single word in your lease either serves to define your “space”, or what it is costing you. Every word.

The cost is not just your rental rate; it is your obligation to pay additional rent, to restore alterations, to maintain or repair, to pay regardless of poor cleaning or noisy tenants, restrictions on your rights to sublease or limitations on your ability to grow when your business demands it. By understanding the salient points of your lease, your experience in the space and current market conditions, you will be more prepared to negotiate better terms to suit your business.

One Page Lease Summary
Allow us to prepare a concise, one-page abstract of the key components of your lease to quickly ascertain the basic provisions.

Lease Report Card
A do-it-yourself tool to help you identify red flags, stringent or positive terms, and grade liabilities and show you how “tenant-friendly” your lease really is.

Lease Negotiating Tips
Read about the significant factors that impact the landlord’s willingness to substantially discount their asking price.

Helpful Resources
Browse our comprehensive contact list of attorneys, architects, contractors, IT companies, security and more.